INTRODUCTION
On this submit I’ll train you how you can backtest the Prop Agency Problem Supervisor EA (PFCM) utilizing a free demo FTMO’s account and likewise how you can use this similar account or every other dealer’s account to run/check the EA in the identical market circumstances as could be on an MFF’s stay or demo account.
As you should know, MFF doesn’t present the customers any demo account. So you’d solely have a solution to backtest or run the EA after buying an account on this Prop Agency, however you possibly can overcome this limitation by utilizing the Tickstory Lite (which is free) historic knowledge. However, first, let’s discover ways to get an account on FTMO and backtest the EA on it.
On this article I can even train how you can backtest on any Prop Agency which has its server primarily based on Eightcap or Blueberry Market brokers.
Abstract:
- Opening a Free Account on FTMO
- Downloading Tickstory Lite and utilizing its Excessive High quality Historic Information on FTMO
- Utilizing FTMO MT4 to “emulate” MFF’S enviroment for backtest
1. OPENING A FREE ACCOUNT ON FTMO
You’ll be able to open a Free Account on FTMO through this LINK HERE. Then, you possibly can click on on CLIENT AREA or on Free Trial, then chosse SIGN UP to create your free account. When you created your account, entry your Consumer Space’s dashboard, then you’ll find a FREE TRIAL panel. As soon as you’re prepared, click on on TRY FOR FREE.
After that, you should outline your demo account properties. I like to recommend you select Danger Mode: Regular, Account Kind (Leverage 1:100): FTMO – not the FTMO Swing -, lastly Platform: MetaTrader4. The opposite choices you’re free to decide on and don’t be concerned concerning the totally different account sizes as a result of I supply set information for all of them. Then click on on Begin Free Trial.
Proper after that, FTMO will present you a MT4 terminal for obtain and the login particulars on your new demo account.
2. DOWNLOADING TICKSTORY LITE AND USING ITS HIGH QUALITY HISTORICAL DATA ON FTMO
To be able to correctly backtest the EA, you need to have prime quality historic knowledge put in in your MT4 terminal. For that, you possibly can merely obtain and set up Tickstory Lite, which is presents a “free to make use of” model. The one limitation of it’s the most time interval of the historic knowledge is 1 yr. So, for those who resolve to backtest an extended interval in time, you’ll have to buy its “Customary Model” (which I extremely suggest because it permits you to totally backtest longer time intervals).
You’ll be able to obtain the Free Model through this LINK. After having it put in, run it, click on on File, Settings.., then select MT4 Settings. Now on MT4 Set up: you click on on Choose… button.
Then you should inform the FTMO’s put in folder (we’ll be utilizing FTMO on this instance, but it surely might be every other dealer’s terminal). Hit OK and return to the Tickstory preliminary web page.
Now click on on INDEX, then proper click on on USATECH.IDX and select Export to MT4…
Choose Final 1 yr for having the final 24 months of historic knowledge put in, uncheck all the timeframes and depart solely M15 checked (or for those who want to set up all the different timeframes, be free to do it, however know that it’d take a whole lot of HD house). Lastly, click on on Assist.
2.1 Putting in the TickstoryInfoExpert into your Dealer’s Terminal
The Assist part will set up an Knowledgeable Advisor in your dealer’s knowledge folder. To do this click on on Deploy MQ4… button.
Now you should run your FTMO Terminal, preserve AutoTrading button enabled and insert the TickstoryInfoExpert into the energetic chart. This EA will analyse the brokers configurations and essential particulars like property unfold, tick measurement, tick worth and so forth, then it should create a file within the FTMO’s folder that you’ll load into Tickstory.
However, take note of one essential element! FTMO makes use of “FTMO S.R.O.” as dealer’s title, however this phrase has some characters not allowed for file title and this causes an error which prevents the TickstoryInfoExpert from creating the config file.
So, as quickly as you add the EA to the chart, on its enter parameter ConfigFileName you should kind FTMO.mt4config (picture beneath) so this manner the config file might be created with none issues. (You should use this trace with every other dealer which may trigger the file to not be created)
Now, nonetheless in your MT4 terminal, click on on File > Open Information Folder. Subsequent, on MQL4 folder after which on Information folder. Copy the folder’s path as a result of you will have to tell this to the Tickstory.
Return to Tickstory, now click on once more on Metatrader Information, then on Load. Now paste the Information folder’s path. The file config file created by the TickstoryInfoExpert ought to be seen for you. Choose it.
Now you’ll understand that the fundamental configuration informations of the dealer have been imported.
2.2 Setting the proper properties for the NASDAQ asset
On Image Properties, be sure you have chosen on Image: USATECH. Then on Map to: US100.money. By default the fields Unfold, Tick worth and Tick measurement are set with incorrect values that you should kind the proper ones. For that, we are going to use a free indicator which you can obtain on MQL Market known as MQLTA Instrument Particulars. You’ll find this indicator HERE.
Set up this indicator in your terminal, open the US100 (NASDAQ) chart on FTMO, then add the indicator to this chart. Now click on on the indicator to get the informations concerning the Tick measurement (0,1) and Tick worth (0,10 USD).
Return to Tickstory and now add the proper informations:
a) the typical unfold of US100 on FTMO is 15 pips, not 20. So, kind 15 on Unfold.
b) On Tick measurement, kind 0,1.
c) Lastly, on Tick worth, kind 0,10, then hit OK.
The Tickstory will start putting in the information into the FTMO’s knowledge folder so you’ll backtest the EA on timeframe M15 with prime quality historic knowledge.
When it is accomplished, it’s possible you’ll merely run your FTMO terminal and on the Technique Tester, backtest the EA alongside the 1 yr free historic knowledge supplied by Tickstory.
You’ll be able to repeat this step-by-step with every other dealer, like FBS, Eightcap, Blueberry Markets, and so forth, that present the consumer a free demo or an ordinary account. Simply bear in mind to alter the info folders for every particular terminal put in in your laptop and likewise at all times run the TickstoryInfoExpert so you possibly can extract probably the most exact data from the dealer’s server.
2.3 Setting the proper values for the Technique Tester (FTMO set information)
To be able to backtest the EA utilizing the FTMO set information, you should run the FTMO terminal, then Technique Tester by hitting Ctrl+R. Then, select Knowledgeable Advisor > Prop Agency Problem Supervisor.
On Image, select US100.money, US Tech 100 Index. On Interval, you should select M15. On Unfold, kind 150 (as the typical acceptable unfold on US100 is round 150 factors).
Depart “Use date” checked and outline a time interval inside a minimum of the final 12 months supplied by Tickstory.
Now click on on Knowledgeable properties button and on Testing you should kind the very same account measurement you wish to backtest the EA on the Preliminary deposit subject. It means, if you wish to backtest a 25K FTMO account, you should kind 25000 on the sector mentioned above. Then, after doing this, click on on Inputs. Now, on this instance, you should Load into the Technique Tester the correspondent set file. If you wish to backtest a 25K FTMO account, you should load the set file for it. You’ll find the lastest set information for obtain HERE.
After doing all this, hit OK. And again into the terminal, click on on Begin. The Technique Tester will run the EA and you’ll have entry to the backtesting outcomes.
3. USING FTMO MT4 TO “EMULATE” MFF’S ENVIROMENT FOR BACKTEST
Now that you know the way to obtain, set up and configure the historic knowledge supplied by Tickstory for use in any MT4 terminal, you’ll discover ways to emulate the MFF buying and selling enviroment even with out having an account on MFF or its terminal put in in your laptop.
As you should know, some Prop Companies don’t enable the consumer to obtain a “free account” prefer it occurs on FTMO, for instance, which presents free “demo trial accounts” for any consumer. So, how you can backtest this EA on MFF when you don’t an account on this Prop Agency? That is what you are gonna discover ways to do within the subsequent steps.
3.1 Utilizing a config file from MFF into FTMO image properties
To emulate the identical worth, unfold, tick worth and measurement and all the opposite features from MFF’s dealer it is advisable load the config file created by TickstoryInfoExpert, which I’m offering for you on the hooked up .zip file beneath. So, obtain this file and after doing all the primary steps confirmed on Subject 2 above, as a substitute of working the TicksotyInfoExpert in your FTMO terminal, you merely load the config file from MFF you simply downloaded. (there is no must insert this config file on the FTMO’s knowledge folder, you simply must load it into the Tickstory within the Metatrader Information part).
Now, in line with the picture beneath, you should fill all of the properties fields with the identical informations MFF supplies, in order that even utilizing a FTMO dealer, the historic knowledge will behave identical to in MFF. So, merely reproduce the identical values as beneath:
a) on Image: choose USATECH.
b) on Map to: choose US100.
c) on Unfold: you kind 15.
d) on Digits: you kind 1.
e) on Max lot: 100.
f) on Tick worth: 0,10.
g) on Tick measurement: 0,1.
g) on Swap brief: -20,93536904
h) on Swap lengthy: -20,117683
Now hit OK, then a brand new historic knowledge from NASDAQ might be put in in your FTMO terminal with the identical properties as in MFF. So now and by doing this it is possible for you to to backtest this EA even with out having an actual account on MFF.
3.2 Setting the proper values for the Technique Tester (MFF set information)
Now that you’ve the historic knowledge on M15 for backtesting, you need to open your FTMO terminal and sort Ctrl+R to open the Technique Tester. Do the identical related steps as in subject 2.3 above, however now you should solely change the Unfold to fifteen factors, as on MFF the NAS100 is 15 unfold in common. Then, click on on Knowledgeable Properties and, once more, kind on Preliminary deposit the identical precise account measurement you wish to backtest on MFF accounts.
After doing this, click on on Inputs and cargo the correspondent MFF set file I present on this hyperlink HERE. Hit Okay and, again on the Technique Tester, click on on Begin. You’ll run the EA on the identical enviroment and have the identical outcomes you’d have utilizing an actual MFF account.
